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View Diary: San Jose: Millions Withdrawn from Bank of America and Wells Fargo! (288 comments)

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  •  We banked for years (8+ / 0-)

    with WaMu as it was close and convenient. Thanks to the economic writers here at dkos and Atrios in 2008 we moved  our accounts checking business and savings to a CU/community bank. We chose one our tax accountant recommended it is/was? the OR Teachers Credit union called OnPoint. When we closed our accounts bank guy at WaMu said we were doing the right thing and he was quitting as soon as he could.  

    We had a mortgage that was going to explode and after 6 mos of banking at the CU refinanced our dicey mortgage with them. It a real eye opener as we got good interest rates and minimal closing costs and the final contract was about 7 pages instead of a huge unreadable book. Our loan officer even helped us clear up our credit report as we had a strange tax lien that no one could figure out or trace down before. It was a computer glitch from CA that just kept refiling automatically every year even though we had paid it years ago. It's gone now.

    We also got rid of our WaMu/Chase credit cards and have one for business with our CU. It was really hard to get Chase to shut them down they kept sending me statements for months saying we owed them late fee's of 35$ a month, even though we had paid them off. I could not get through to a human to clear this up. I'm still getting these statements and finally got a number in NYC to call as the accounts are indeed closed but they seem to just keep sending these statements out. Chase is horrible.

     As a bonus your money stays in your community and helps the local economy.        

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